AUD still wildly overvalued

AUDGBP Makes Back Some Lost Ground From Last Week

Once again we have had comments that the AUD is overvalued by the Australian central bank. This makes me think that the Australian currency is highly likely to weaken in the future, if I was selling the Australian dollar to buy the pound or indeed the Euro, I would not be wasting too much time. It looks likely the Australian dollar will weaken in the future which should be a major concern for anyone holding the aussie.

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